Email this article to a friend

Nomura, the Japanese securities house, has hired Gavin Jackson to the new post of head of Eurobond high-grade trading as part of a plan to hire 40 bankers to the London fixed income team.

Jackson, ex-BNP Paribas and Merrill Lynch, will be responsible for managing Eurobond secondary trading in dollars and euros. Nomura said it has experienced a "dramatic expansion" in euro-denominated bond business over the past 12 months.

The bank plans a rapid expansion of capacity in the high-grade trading of dollar and euro-denominated bonds in both primary and secondary markets.

Brian Lawson, chief operating officer of Nomura's fixed income division said: "This is a key hiring for Nomura and ties in well with the large-scale growth in our sales forces in London and Asia."

Nomura, which has about 235 banking staff in its London office, is aiming to add bankers over the next three months, when the end of the bonus season makes it more financially attractive for bankers to quit existing jobs.

The bank is also hiring 10 sales staff in its Hong Kong office and adding fixed income bankers to New York.

As part of the bank's carefully staged expansion, Lawson has also been asked to oversee the bank's first graduate and internship recruitment programme in almost six years.

Lawson will run a rolling three-year programme that will see 10 interns working at the bank during this summer and four new graduates joining Nomura full time. The bank has already received about 600 applications from graduates and post-graduates.

He said: "This is the first time that Nomura has been in the graduate market since about 1998. Each of the new joiners will be given a very specific job. They will be allocated tasks in sales, debt capital markets, quantitative analysis, derivatives and real estate."